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And if the ports remain shut down for longer than a week or two, the economy will see more significant and wider effects, including snarled supply chains and increased logistics costs, as it did ...
The ports involved include the Port of New York and New Jersey, the nation’s third-largest port by volume of cargo handled. But it also includes ports with other specialties.
Imports to U.S. ports are running 10% ahead of where they were last year, indicating that some cargo had been shipped in expectations of a strike, according to Ben Nolan, a transportation analyst ...
In anticipation of the official start of the strike, workers at the Port of Virginia began systematically halting operations after 8:00 a.m. EST, closing the port gates for truck deliveries at noon, issuing orders for ships to leave the port by 1:00 p.m., and ceasing cargo work at 6 p.m. [6]
The ports handle about half the ocean imports in the U.S. Varying estimates say the strike encompasses 25,000 to 50,000 members of the International Longshoremen’s Association. All told, the ILA ...
For months, the union has threatened to shut down the 36 ports it covers if employers like container ship operator Maersk and its APM Terminals North America do not deliver significant wage ...
The port strike has induced fears of toilet paper shortages reminiscent of the COVID-19 pandemic era.. Thousands of dockworkers took to the picket lines on Tuesday, shutting down the East and Gulf ...
With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after midnight Monday, logistics executives tell CNBC the remaining hours are critical in moving ...